Eli Lilly Unusual Options Activity For October 23
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Eli Lilly (NYSE:LLY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 24% bullish and 75% bearish. The price range targeted by these investors for Eli Lilly over the last 3 months is from $250.0 to $900.0. The current price of LLY is down -1.37% at $576.65. Several financial institutions have maintained or downgraded their ratings on Eli Lilly, with price targets ranging from $630 to $710.
October 23, 2023 | 8:45 pm
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Unusual options activity indicates a significant bearish stance on Eli Lilly. The sentiment among big-money traders is 75% bearish, targeting a price range of $250-$900 over the last 3 months. Several financial institutions have maintained or downgraded their ratings on Eli Lilly, with price targets ranging from $630 to $710.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Eli Lilly to decrease. This, combined with the current price decrease of -1.37% and the mixed analyst ratings, suggests a potential negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100